Steel News

Metinvest Reports Met Coke Production for December, Full Year 2010

13 January 2011 - Metinvest reported the production of 578,000 tonnes of gross coke (6% humidity) in December, a 6.7% increase vs. December 2009. The company also produced 498,000 tonnes of BF coke, dry in December, a 7.2% increase vs. December 2009.

Evraz, Praxair Sign Contract for Supply of Gases to NTMK

13 January 2011 - Evraz Group and Praxair subsidiary Praxair Rus have signed a long-term contract for supply of oxygen, nitrogen and argon to NTMK, Evraz’s steel mill in the Urals, Russia.

Mechel Announces Payment of Dividends Based on Fiscal 09 Results

12 January 2011 - Mechel OAO announced a dividend payment (including taxes) of RUR 910,223,721.05 (approximately US$29.9 million as of December 31, 2010), based on the company’s results for the 2009 fiscal year.

Nisshin Establishes Subsidiary in Singapore

12 January 2011 - Nisshin Steel announced the formation of a 100%-owned local subsidiary in Singapore with the aim of capturing markets in ASEAN and neighboring countries, where growth is expected.

Metinvest Reports Steel Production for December, Full Year 2010

12 January 2011 - Metinvest reported the production of 1.098 million tonnes of hot metal in December, a 7.1% increase over December 2009’s tonnage. The company also produced 1.282 million tonnes of steel (+7.8%), 1.171 million tonnes of rolled products (+16.4%), and 55,700 tonnes of large-diameter pipe (+39.7%).

Tata Steel Reports Q3 Performance, Status of Teesside Arbitration

12 January 2011 - Tat Steel reports third quarter performance for its Indian, European and South East Asian operations, and provides an update on the status of its ongoing arbitration proceedings with certain off-takers of its Teesside Cast Products Plant.

ArcelorMittal Extends Offer for Baffinland Shares to January 21

11 January 2011 - ArcelorMittal has extended the time for acceptance of its offer to purchase Baffinland Iron Mines Corp.'s outstanding common shares and outstanding common share purchase warrants until midnight on 21 January 2011.

Metinvest Reports Iron Ore Production for December, Full Year 2010

11 January 2011 - Metinvest reported the production of 2.843 million tonnes of iron ore concentrate in December 2010, a 1.9% decrease from the previous month’s tonnage. For the full year, the company produced 35.726 million tonnes of iron ore concentrate, a 16.6% increase vs. the previous year (2009).

Pohang Furnace Selected as Korea’s Top Economic National Treasure

11 January 2011 - Pohang Steelworks’ 1st Furnace was selected as Korea’s Economical National Treasure No. 1, based on its support of Korea’s growth in the shipbuilding, automobile, and home appliance industries to lead the country’s industrialization.

Tianjin Expands Product Range with Siemens High-Speed Rod Outlet

11 January 2011 - Tianjin Metallurgy Group Zhasan Youfa Iron & Steel has contracted Siemens VAI to supply a rod outlet that will enable the company to produce high-end rod products with thermomechanical rolling.

Daewoo Plans Start of Development for Myanmar Gas Project

10 January 2011 - Posco affiliate Daewoo International is moving forward on the Myanmar gas project, with plans to start developing gas resources at the country’s A1 and A3 offshore blocks as early as May 2013.

JSW Steel Reports 11% Growth in Crude Steel Production for Q3 FY 2011

10 January 2011 - JSW Steel Limited reported the production of 1.54 million tonnes of crude steel in the third quarter of FY 2011, representing a 4% sequential growth and growth of 11% as compared to the corresponding period of last fiscal year.

Baosteel Achieves Records on new Cold Rolled Stainless Steel Production Line

10 January 2011 - Baosteel’s Stainless Steel Business Unit recently achieved full capacity on its new cold rolled stainless steel production line, successfully exceeding the line’s design capacity. The company said the line had also achieved records on a number of key technical and economic indicators, including the unit's effective operation rate, the first-class product rate, and process costs.

ArcelorMittal Honors Important Contributions in Science

10 January 2011 - ArcelorMittal acknowledged the recent bestowing of the "Sidmar Foundation of the President" on Professor Eric Legius from the Catholic University of Louvain in recognition for his contributions for the period of 2007-2010.

ICWAI Honors SAIL Chairman with Icon of the Year Award

07 January 2011 - The Institute of Cost and Works Accountants of India has awarded its prestigious “Icon of the Year” award to C.S. Verma, Chairman of Steel Authority of India Limited.

New NSSC FW1 Stainless Grade Receives Nikkei Excellence Award

06 January 2011 - Nikkei Inc. has awarded its Nikkei Business Daily Awards for Excellence to NSSC (Nippon Steel & Sumikin Stainless Steel Corp.) for its NSSC FW1 (Forward One) stainless steel, which hit the marketplace in July 2010.

Siemens Starts up 5-Meter Plate Mill at Xiangtan Iron & Steel

06 January 2011 - Siemens VAI Metals Technologies recently started up the finishing stand for Chinese steelmaker Xiangtan Iron & Steel Co., Ltd.’s new plate rolling mill.

Worthington Launches JV to Serve China’s Steel-Frame Housing Market

05 January 2011 - Worthington Industries announced this week the creation of a joint venture to manufacture light gauge steel framing products and to design, engineer and supply light gauge steel-framed mid-rise residential buildings in five Central Chinese provinces.

Siemens to Modernize Böhler Edelstahl Rolling Mills

05 January 2011 - Siemens Industry Solutions Division will install new drive and automation equipment on the continuous rolling mill in Böhler Edelstahl’s multiline rolling mill and the plate rolling stand of their blooming mill.

Anglo American Completes Sale of Moly-Cop and AltaSteel to OneSteel

05 January 2011 - Anglo American plc has completed its sale of Moly-Cop and AltaSteel to OneSteel Limited of Australia for cash proceeds of US$1,076 million.